UAE: Aziz Developments has announced the launch of the Dh460 million Candace Aster project.
Located in the Al Furjan district of Dubai, close to Jebel Ali, the project will be operated by Candace Hotel and Resorts, which is registered in the UK and the UAE, and in which Azizi is an investor. The development is expected to be completed by Q3 2017.
The developer has also lined up serviced apartment projects worth Dh1.8 billion in Dubai Healthcare City, the Palm Jumeirah and more in Al Furjan. The group plans to launch more than 2,000 serviced apartments in these areas by the end of this year, which will be managed by Candace.
“The number of tourists coming to Dubai has been increasing drastically and hotels are pretty occupied,” said Farhad Azizi, the chief executive and vice chairman of Azizi Developments.
Azizi also plans to enter the holiday home segment.
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